May 13, 2020
Cross River Enhances Payments Offerings with International Push to Card Capabilities
Company goes live with Remitly, a global remittance company
FORT LEE, N.J. - Cross River Bank (“Cross River”), a leading innovator and provider of banking services for technology companies, today announced that it has expanded its capabilities in push to card transactions over the debit card networks internationally, with digital remittance company Remitly among the first to use the services.
“Cross River’s expansion into the international arena with our enhanced technology and leading payments capabilities will fundamentally change cross-border transactions, allowing consumers to receive funds across the globe,” said Gilles Gade, Founder, President, and CEO of Cross River. “With the current shift to online transactions, and limiting of human-to-human touch, today, more than ever, having a secure and reliable way of sending and receiving money is an integral part of daily life."
With Cross River as the settlement bank for push to card transactions, Remitly’s customers can receive disbursements in near real-time over the international debit card rails, through an efficient and secure platform. Remitly, a global remittance company that has served more than 2 million customers through its proprietary global money transfer network, is among the first partners using Cross River’s push to card capabilities for international disbursements.
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